Updated over 8 years ago on . Most recent reply
University rentals in an undesirable area
A university in my area plans to increase the number of undergrads exponentially in the next 3 yrs. I'm considering purchasing SFHs in that area to rent to students bc I know student loans/funding/co-signers are able to pay great rents (much higher than typical in that neighborhood yet much lower than on-campus options). However, I'm concerned about students being hesitant to rent off-campus due to the undesirable surrounding area and safety issues (Picture USC for instance. Despite the phenomenal university, the surrounding residential area has failed to thrive or make students feel secure) AND I'm concerned about renting to less-than-ideal renters if forced to rent to non-students. What do you think? Is this a great opportunity or too risky?? Appreciate the feedback. Thank you!